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Title 26, Internal Revenue CodeRelease 119-110

§9039 Reports to Congress; Regulations

Title 26 › Subtitle H — Financing of Presidential Election Campaigns › CHAPTER 96 — PRESIDENTIAL PRIMARY MATCHING PAYMENT ACCOUNT › § 9039

Last updated Sep 22, 2026|Official source

Summary

The Commission must send a full report to the Senate and House soon after each matching payment period. The report must show three things: the qualified campaign expenses for candidates of each party and their committees (with whatever detail the Commission thinks is needed), the amounts the Commission certified for payment under section 9036 for each eligible candidate, and any amounts candidates must pay under section 9038 with the reasons. Each report will be printed as a Senate document. The Commission may make rules, run extra exams and audits, do investigations, and require books, records, or information it needs. Before making any rule, the Commission must send the proposed rule and a detailed explanation to both Houses. If neither House disapproves within 30 legislative days after receiving it, the Commission may adopt the rule. If either House disapproves, the Commission cannot adopt it. “Legislative days” do not count days when both Houses are not in session. A “rule or regulation” means a single separable rule of law.

Full Legal Text

Title 26, §9039

Internal Revenue Code, Source: USLM XML via OLRC

(a)Reports
The Commission shall, as soon as practicable after each matching payment period, submit a full report to the Senate and House of Representatives setting forth—
(1)the qualified campaign expenses (shown in such detail as the Commission determines necessary) incurred by the candidates of each political party and their authorized committees,
(2)the amounts certified by it under section 9036 for payment to each eligible candidate, and
(3)the amount of payments, if any, required from candidates under section 9038, and the reasons for each payment required.
Each report submitted pursuant to this section shall be printed as a Senate document.
(b)Regulations, etc.
The Commission is authorized to prescribe rules and regulations in accordance with the provisions of subsection (c), to conduct examinations and audits (in addition to the examinations and audits required by section 9038(a)), to conduct investigations, and to require the keeping and submission of any books, records, and information, which it determines to be necessary to carry out its responsibilities under this chapter.
(c)Review of regulations
(1)The Commission, before prescribing any rule or regulation under subsection (b), shall transmit a statement with respect to such rule or regulation to the Senate and to the House of Representatives, in accordance with the provisions of this subsection. Such statement shall set forth the proposed rule or regulation and shall contain a detailed explanation and justification of such rule or regulation.
(2)If either such House does not, through appropriate action, disapprove the proposed rule or regulation set forth in such statement no later than 30 legislative days after receipt of such statement, then the Commission may prescribe such rule or regulation. Whenever a committee of the House of Representatives reports any resolution relating to any such rule or regulation, it is at any time thereafter in order (even though a previous motion to the same effect has been disagreed to) to move to proceed to the consideration of the resolution. The motion is highly privileged and is not debatable. An amendment to the motion is not in order, and it is not in order to move to reconsider the vote by which the motion is agreed to or disagreed to. The Commission may not prescribe any rule or regulation which is disapproved by either such House under this paragraph.
(3)For purposes of this subsection, the term “legislative days” does not include any calendar day on which both Houses of the Congress are not in session.
(4)For purposes of this subsection, the term “rule or regulation” means a provision or series of interrelated provisions stating a single separable rule of law.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Amendments

1976—Subsec. (c)(2). Pub. L. 94–283, § 304(b)(1), inserted provision for accelerated consideration by the House of Representatives of resolutions relating to rules or

Regulations

reported out by committees of the House. Subsec. (c)(4). Pub. L. 94–283, § 304(b)(2), added par. (4).

Statutory Notes and Related Subsidiaries

Effective Date

Section applicable with respect to taxable years beginning after Dec. 31, 1974, see section 410(c)(1) of Pub. L. 93–443, set out as an

Effective Date

of 1974 Amendment note under section 30101 of Title 52, Voting and Elections. Termination of Reporting RequirementsFor termination, effective May 15, 2000, of reporting provisions in subsec. (a) of this section, see section 3003 of Pub. L. 104–66, as amended, set out as a note under section 1113 of Title 31, Money and Finance, and page 168 of House Document No. 103–7.

Reference

Citations & Metadata

Citation

26 U.S.C. § 9039

Title 26, Internal Revenue Code

Last Updated

Sep 22, 2026

Release point: 119-110